"Altice USA Sees 36% Surge as Charter Considers Takeover"
Altice USA shares surged 36% after reports emerged that Charter Communications is considering acquiring the broadband company, prompting Charter's shares to drop about 2%. The potential deal comes amid struggles for major communications companies to retain broadband and cable subscribers, with Altice USA's shares having plummeted over 40% this year and Charter's stock falling about 25%. Altice USA, which owns brands such as Optimum, has around five million customers, while Charter boasts 32 million broadband and cable subscribers.
